XRP/USDT – 4H – BUY

The pair Ripple/Tether (XRP/USDT) moves from the descending trendline down.

A continuation of the downtrend downwards to the next support at 1.277500000 will continue.

Caution: A possible counter-trend in the direction of the resistance zone at 1.630000000 should always be considered.
In case of a trade, appropriate stop-loss settings should be considered.

Correction of the major bullish trend halted around the Fibonacci 0.24-Level.Continuation of the current ascending trend will continue. Current target is 1.63 at the Fibonacci level 0-Level. Caution: A possible counter-trend in the direction of the resistance zone at 1.630000000 should always be considered.
In case of a trade, appropriate stop-loss settings should be considered.

Furthermore a ‘Three White Soldiers’ chart pattern is discovered. The chart shows ‘Three White Soldiers’. this is a bullish signal. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Three White Soldiers’ going up is 82%.

Download XRP/USDT Signal Image

Trading Signals: CRYPTO – XRP – XRP/USDT – USDT – Three White Soldiers